The financial statements of XMC

Income statement, balance sheet and cash flow, by quarter and by year. Unit: VND billion, unless a line states otherwise.

Item	2025	2024	2023	2022	2021
Revenue	2,008.0	1,589.9	2,190.6	1,967.7	1,612.0
Revenue Deductions	0.0	0.4	2.8	0.6	0.0
Net Revenue	2,008.0	1,589.6	2,187.8	1,967.1	1,612.0
Cost of Goods Sold	1,821.5	1,448.5	1,984.2	1,764.8	0.0
Gross Profit	186.5	141.1	203.6	202.3	154.2
Financial Income	130.8	27.1	104.1	97.8	135.4
Financial Expenses	72.8	70.8	117.6	127.9	-149.8
Interest Expense	58.7	70.6	117.2	124.8	-149.7
Share of Associates and Joint Ventures	12.5	-13.0	-0.4	0.4	0.0
Selling Expenses	2.9	2.7	5.7	3.0	-7.3
General and Administrative Expenses	226.2	67.6	130.4	90.4	-58.4
Operating Profit	27.9	14.0	53.5	79.3	74.1
Other Income	7.7	11.2	19.6	18.5	0.0
Other Expenses	2.5	5.5	6.2	12.5	0.0
Other Profit	5.2	5.7	13.3	6.0	6.0
Profit Before Tax	33.1	19.7	66.8	85.3	80.1
Current Income Tax Expense	6.2	11.9	23.9	18.3	-18.7
Deferred Income Tax Expense	0.3	0.5	0.7	0.6	0.0
Net Income	26.6	7.3	42.3	66.3	61.4
Non-controlling Interest	1.8	-0.5	-2.9	0.5	0.2
Profit Attributable to Parent	24.7	7.8	45.2	65.8	61.2
Earnings per Share VND per share	346.00	110.00	671.00	977.00	909.00
Diluted EPS VND per share	346.00	110.00	671.00	977.00	909.00

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	2,384.7	2,229.1	2,906.4	3,163.1	3,215.7
I. Cash and cash equivalents	313.3	76.3	169.1	82.4	90.8
1. Cash	299.1	65.3	169.1	75.4	0.0
2. Cash equivalents	14.2	11.0	0.0	7.0	0.0
II. Short-term financial investments	8.5	4.0	10.0	11.0	0.0
1. Available for sale securities	0.0	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0	0.0
3. Held to maturity investments	8.5	4.0	10.0	11.0	0.0
III. Short-term receivables	1,050.5	993.3	1,430.8	2,314.7	2,690.1
1. Short-term trade accounts receivable	1,099.9	1,008.3	1,154.5	2,019.9	0.0
2. Short-term prepayments to suppliers	130.7	145.4	289.2	161.5	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0	0.0
5. Short-term loan receivables	21.3	17.8	27.6	15.7	0.0
6. Other short-term receivables	208.3	97.0	253.1	380.3	0.0
7. Provision for short-term doubtful debts (*)	-409.6	-275.1	-293.6	-262.7	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	979.6	1,120.3	1,233.8	733.8	397.6
1. Inventories	980.3	1,122.5	1,238.3	734.0	0.0
2. Provision for decline in value of inventories	-0.7	-2.2	-4.5	-0.2	0.0
V. Other short-term assets	32.8	35.1	62.6	21.1	18.2
1. Short-term prepayments	1.5	1.7	1.7	2.5	0.0
2. Value added tax to be reclaimed	28.9	29.5	54.0	16.8	0.0
3. Taxes and other receivables from state authorities	2.4	3.9	6.9	1.9	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	—	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	1,087.4	714.7	677.5	1,074.7	1,074.3
I. Long-term receivables	0.1	115.6	19.1	15.2	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	23.8
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.1	0.0
6. Other long-term receivables	0.1	121.6	25.1	15.1	0.0
7. Provision for long-term doubtful debts	—	-5.9	-5.9	0.0	0.0
II. Fixed assets	223.4	238.7	328.1	374.5	421.0
1. Tangible fixed assets	223.4	238.5	327.8	373.9	404.0
- Cost	709.7	698.4	770.0	774.7	0.0
- Accumulated depreciation	-486.4	-459.9	-442.2	-400.8	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	16.3
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	0.1	0.2	0.3	0.6	0.7
- Cost	4.8	4.8	4.8	4.9	0.0
- Accumulated depreciation	-4.7	-4.7	-4.5	-4.3	0.0
III. Investment properties	523.6	242.7	207.7	293.9	301.3
- Cost	584.7	292.0	240.7	335.1	0.0
- Accumulated depreciation	-61.1	-49.3	-33.0	-41.2	0.0
IV. Long-term assets in progress	25.8	12.7	13.5	17.6	6.5
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	25.8	12.7	13.5	17.6	0.0
V. Long-term financial investments	296.7	89.2	103.5	361.5	305.2
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	296.0	88.5	101.5	101.8	0.0
3. Investments in other entities	0.7	0.7	0.7	255.4	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	1.3	4.2	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	17.8	15.9	5.6	12.0	0.0
1. Long-term prepayments	15.9	13.7	2.9	8.6	0.0
2. Deferred income tax assets	1.8	2.2	2.7	3.4	0.0
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0	0.0
4. Other long-term assets	—	0.0	0.0	0.0	16.6
5. Goodwill	—	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	3,472.2	2,943.8	3,583.8	4,237.8	4,290.0
A. LIABILITIES (300=210+330)	2,560.7	2,056.2	2,650.6	3,339.6	3,375.6
I. Short -term liabilities	2,073.3	1,671.0	2,564.0	2,997.4	3,013.7
1. Short-term trade accounts payable	562.1	416.4	649.3	664.5	713.3
2. Short-term advances from customers	383.7	230.5	145.7	247.4	97.9
3. Taxes and other payables to state authorities	7.7	9.5	7.7	11.8	0.0
4. Payable to employees	36.8	29.0	34.0	33.6	0.0
5. Short-term acrrued expenses	113.8	106.5	70.8	195.8	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	0.6	0.8	0.3	0.2	0.3
9. Other short-term payables	55.3	75.3	78.2	51.8	0.0
10. Short-term borrowings and financial leases	900.0	788.9	1,562.3	1,776.9	1,712.2
11. Provision for short-term liabilities	0.6	0.0	0.7	0.8	0.0
12.. Bonus and welfare fund	12.8	14.1	15.0	14.5	0.0
13. Price stabilization fund	—	0.0	0.0	0.0	0.0
14. Government bonds	—	0.0	0.0	0.0	0.0
II. Long-term liabilities	487.4	385.2	86.6	342.2	361.9
1. Long-term trade payables	8.9	13.0	13.0	13.2	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	45.9	45.6	46.9	48.2	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	0.0	0.0	0.0	0.0
7. Other long-term liabilities	3.2	6.1	10.2	74.2	0.0
8. Long-term borrowings and financial leases	429.4	311.5	0.8	176.0	269.6
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts) VND per share	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	0.0	9.0	15.7	30.6	0.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	911.5	887.6	933.2	898.2	914.4
I. Owner's equity	911.5	887.6	933.2	898.2	0.0
1. Owner's capital	714.1	714.1	673.6	673.6	914.4
- Common stock with voting right VND per share	714,056,890,000.00	714,056,890,000.00	673,643,390,000.00	673,643,390,000.00	673,643,390,000.00
- Preferred stock VND per share	—	0.00	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
5. Treasury shares VND per share	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	6.6	6.6	6.6	12.8	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	169.6	147.2	232.1	187.1	202.5
- Accumulated retained earning at the end of the previous period	144.9	139.3	186.9	121.2	141.2
- Undistributed earnings in this period	24.7	7.8	45.2	65.8	61.2
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	21.2	19.8	20.8	24.7	25.5
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	—	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	3,472.2	2,943.8	3,583.8	4,237.8	4,290.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	33.1	19.7	66.8	85.3	80.1
Depreciation of Fixed Assets and Investment Property	41.1	43.7	54.6	58.4	61.3
Provision (Increase)/Reversal	106.2	-28.1	26.1	-16.2	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.1	-2.7	-0.0	-0.0	0.0
Gain/Loss from Investment Activities	-45.9	-23.2	-103.2	-97.9	0.0
Interest Expense	58.7	70.6	117.5	124.8	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	193.0	80.1	161.9	154.4	140.4
Increase/(Decrease) in Receivables	129.4	203.4	963.2	484.2	0.0
Increase/(Decrease) in Inventory	8.4	115.8	-419.2	-353.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	31.8	35.0	-447.5	-76.3	0.0
Increase/(Decrease) in Prepaid Expenses	-2.1	-10.8	6.6	4.3	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-108.6	-53.7	-119.8	-123.9	0.0
Corporate Income Tax Paid	-5.1	-8.2	-6.8	-8.4	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-3.1	-4.6	-4.5	-6.5	0.0
Net Cash Flow from Operating Activities	243.7	356.9	134.0	74.8	316.6
Payments for Fixed Assets and Other Long-term Assets	-45.8	-4.0	-7.9	-34.4	-3.6
Proceeds from Disposal of Fixed Assets and Long-term Assets	7.6	27.7	7.1	4.0	5.0
Loans and Purchases of Debt Instruments	-61.5	-23.9	-44.6	-0.1	-91.1
Receipts from Loan Repayments and Sale of Debt Instruments	3.5	41.0	36.8	12.5	127.6
Investments in Other Entities	-225.0	0.0	0.0	-198.3	0.0
Proceeds from Investments in Other Entities	74.0	0.0	297.4	138.1	0.0
Dividends and Interest Income Received	1.5	24.1	69.9	72.1	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-245.7	64.9	358.7	-6.1	136.6
Proceeds from Equity Issuance and Capital Contributions VND per share	—	0.00	0.00	0.00	0.00
Share Repurchases VND per share	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	1,688.4	1,395.1	1,228.7	1,801.0	1,859.3
Repayment of Borrowings	-1,409.4	-1,857.8	-1,618.5	-1,826.5	-2,296.6
Repayment of Finance Leases	—	0.0	0.0	-3.4	-3.4
Dividends Paid	-40.0	-51.9	-16.1	-48.2	-57.5
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	239.0	-514.6	-405.9	-77.1	-498.2
Net Cash Flow During the Period	237.0	-92.8	86.7	-8.4	49.3
Cash and Cash Equivalents at Beginning of Period	76.3	169.1	82.4	90.8	135.7
FX Difference from Revaluation	0.0	-0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	313.3	76.3	169.1	82.4	90.8

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	661.8	480.1	579.3	622.9	568.7	263.7	291.8	507.4	474.4	864.6	520.4	573.1
Revenue Deductions	—	—	0.0	—	—	—	0.3	0.0	0.0	0.0	2.8	1.8
Net Revenue	661.8	480.1	579.3	622.9	568.7	263.7	291.5	507.4	474.4	864.6	517.7	571.3
Cost of Goods Sold	614.2	448.8	522.5	562.5	526.5	237.8	254.4	460.3	431.2	767.8	473.0	504.7
Gross Profit	47.6	31.2	56.8	60.4	42.1	25.9	37.1	47.1	43.2	96.8	44.7	66.6
Financial Income	4.1	17.9	124.8	1.5	4.9	0.1	0.2	23.7	0.3	38.3	0.7	20.9
Financial Expenses	19.7	17.9	19.8	17.6	15.7	14.4	19.0	21.8	23.6	22.4	34.2	29.8
Interest Expense	19.4	18.2	14.7	17.6	12.6	14.4	15.3	21.7	23.6	27.7	27.8	29.8
Share of Associates and Joint Ventures	—	—	12.5	-0.0	-0.0	—	0.0	-12.5	0.0	0.0	0.0	0.0
Selling Expenses	0.6	0.6	0.8	0.7	0.6	0.8	0.7	0.7	0.6	2.7	1.4	0.7
General and Administrative Expenses	10.3	24.5	160.3	35.5	15.0	17.6	15.3	24.3	21.8	52.7	19.8	32.1
Operating Profit	21.2	6.2	13.2	8.0	15.8	-6.8	2.4	11.5	-2.5	57.3	-9.9	24.9
Other Income	0.5	0.4	6.2	0.3	0.9	0.2	2.0	4.0	0.9	2.1	0.9	1.0
Other Expenses	1.3	1.6	1.3	0.2	0.8	0.3	2.5	1.6	0.4	0.7	0.3	0.4
Other Profit	-0.8	-1.2	4.9	0.1	0.1	-0.0	-0.5	2.4	0.5	1.4	0.6	0.6
Profit Before Tax	20.4	5.0	18.1	8.1	15.9	-6.9	1.9	13.8	-1.9	58.7	-9.3	25.5
Current Income Tax Expense	2.2	0.8	3.4	0.9	1.2	0.8	2.3	3.2	3.6	13.0	3.0	6.6
Deferred Income Tax Expense	0.2	0.0	0.2	—	—	0.4	-0.1	0.1	0.0	0.0	0.0	0.0
Net Income	18.0	4.2	14.5	7.2	14.7	-8.2	-0.3	10.5	-5.5	45.7	-12.3	18.8
Non-controlling Interest	0.7	0.3	0.9	0.6	0.7	-0.1	-0.7	0.4	-0.2	-0.6	-0.7	-0.0
Profit Attributable to Parent	17.4	3.9	13.6	6.6	14.1	-8.1	0.3	10.1	-5.3	46.3	-11.7	18.8
Earnings per Share VND per share	243.09	54.72	190.29	92.67	196.98	-112.75	4.78	141.21	-73.88	687.35	-173.49	279.75
Diluted EPS VND per share	243.09	54.72	190.29	92.67	196.98	-112.75	4.78	141.21	-73.88	687.35	-173.49	279.75

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	2,500.9	2,282.2	2,394.2	2,166.4	2,124.3	1,981.5	2,396.2	2,638.1	2,648.2	2,944.8	3,256.5	3,132.6
I. Cash and cash equivalents	299.2	160.5	304.3	127.3	68.3	62.8	55.6	214.6	56.4	178.1	113.8	138.0
1. Cash	283.5	109.5	299.1	118.3	62.3	57.8	53.6	213.6	56.4	169.1	96.8	129.0
2. Cash equivalents	15.7	51.0	5.2	9.0	6.0	5.0	2.0	1.0	0.0	9.0	17.0	9.0
II. Short-term financial investments	109.5	47.5	17.5	8.5	11.5	10.0	10.0	12.0	10.0	1.0	11.1	11.1
1. Available for sale securities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Held to maturity investments	124.6	62.7	17.5	8.5	11.5	10.0	10.0	12.0	10.0	1.0	11.0	11.0
4. Provision for short-term investments held to maturity (*)	-15.2	-15.2	—	—	—	—	—	—	—	—	—	—
III. Short-term receivables	1,024.5	1,065.6	1,050.5	1,083.9	1,091.7	982.7	1,262.1	1,348.3	1,341.4	1,458.4	2,013.3	2,078.7
1. Short-term trade accounts receivable	1,007.2	1,105.8	1,102.0	1,079.2	1,077.8	981.1	1,088.2	1,139.5	1,085.6	1,158.9	1,235.8	1,763.4
2. Short-term prepayments to suppliers	188.7	147.7	130.9	160.9	160.9	160.5	355.3	281.3	286.6	295.3	653.2	171.6
3. Short-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	—	21.3	21.3	17.3	17.8	23.5	23.5	25.4	27.5	37.4	47.2
6. Other short-term receivables	209.5	207.6	92.8	101.4	96.3	95.8	98.3	199.8	236.9	263.7	359.2	368.9
7. Provision for short-term doubtful debts (*)	-380.8	-395.5	-296.4	-278.9	-260.5	-272.4	-303.3	-295.7	-293.1	-287.0	-272.2	-272.4
8. Assets awaiting resolution	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	1,034.2	981.3	989.2	913.2	918.4	890.6	1,049.8	1,035.7	1,196.5	1,244.6	1,073.0	877.5
1. Inventories	1,035.0	982.0	989.9	914.1	920.6	892.8	1,054.3	1,040.2	1,201.0	1,249.0	1,077.5	882.0
2. Provision for decline in value of inventories	-0.7	-0.7	-0.7	-0.9	-2.2	-2.2	-4.5	-4.5	-4.5	-4.5	-4.5	-4.5
V. Other short-term assets	33.5	27.3	32.7	33.4	34.4	35.4	18.5	27.5	43.8	62.7	45.4	27.3
1. Short-term prepayments	4.1	2.2	1.4	2.5	3.0	2.0	1.3	2.1	1.7	1.8	1.7	2.4
2. Value added tax to be reclaimed	27.9	23.4	28.9	29.2	29.3	31.9	12.9	21.1	39.6	53.7	42.4	24.9
3. Taxes and other receivables from state authorities	1.6	1.8	2.4	1.7	2.1	1.5	4.3	4.3	2.5	7.2	1.2	0.0
4. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	1,066.4	1,024.7	1,081.2	1,274.1	1,041.4	1,096.2	712.3	641.4	665.3	662.3	690.8	715.4
I. Long-term receivables	0.0	0.1	0.1	165.6	165.6	216.6	116.0	16.1	16.1	6.1	15.1	15.1
1. Long-term trade receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.1	0.1	0.1
6. Other long-term receivables	0.0	0.1	115.6	165.6	171.6	222.6	121.9	22.0	22.0	15.1	15.1	15.1
7. Provision for long-term doubtful debts	—	—	-115.5	—	-5.9	-5.9	-5.9	-5.9	-5.9	-9.0	0.0	0.0
II. Fixed assets	214.1	217.2	223.4	233.1	238.6	234.2	301.5	309.7	320.2	326.1	336.6	346.8
1. Tangible fixed assets	213.9	217.1	223.3	233.0	238.5	234.1	301.3	309.5	319.9	325.7	336.2	346.4
- Cost	710.8	709.8	—	—	—	—	769.6	769.8	770.5	767.2	765.9	763.7
- Accumulated depreciation	-496.9	-492.7	—	—	—	—	-468.3	-460.3	-450.6	-441.4	-429.6	-417.3
2. Financial leased fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	0.2	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.3	0.3	0.4	0.4
- Cost	4.9	4.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-4.8	-4.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	517.8	520.7	523.6	526.6	527.9	530.8	188.4	205.1	206.4	207.7	209.0	217.8
- Cost	584.7	584.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-67.0	-64.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	71.1	28.2	25.8	15.0	13.9	19.6	14.2	14.1	13.6	13.4	17.8	17.1
1. Long-term production in progress	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	71.1	28.2	25.8	15.0	13.9	19.6	14.2	14.1	13.6	13.4	17.8	17.1
V. Long-term financial investments	247.5	247.5	296.7	314.1	89.1	89.2	85.5	91.0	103.5	103.1	106.8	106.8
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	246.8	246.7	296.0	313.4	88.4	88.5	88.5	89.0	101.5	101.8	101.8	101.8
3. Investments in other entities	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7
4. Provision for diminution in value of long-term investments	—	—	—	—	-0.0	—	-3.7	0.0	0.0	-0.7	0.0	0.0
5. Held to maturity investments	—	—	—	—	—	—	0.0	1.3	1.3	1.3	4.2	4.2
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	15.9	11.1	11.7	19.7	6.3	5.8	6.7	5.4	5.5	5.8	5.6	11.8
1. Long-term prepayments	14.2	9.3	9.8	17.6	4.1	3.6	4.0	2.7	2.6	2.9	2.8	8.2
2. Deferred income tax assets	1.6	1.8	1.9	2.1	2.2	2.2	2.8	2.8	2.9	2.9	2.8	3.6
3. Long-term equipment, supplies, spare parts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Goodwill	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	3,567.3	3,306.9	3,475.4	3,440.5	3,165.7	3,077.8	3,108.5	3,279.5	3,313.5	3,607.1	3,947.3	3,848.1
A. LIABILITIES (300=210+330)	2,636.2	2,392.6	2,563.6	2,543.1	2,274.2	2,201.1	2,225.8	2,390.7	2,435.2	2,667.1	3,046.9	2,944.5
I. Short -term liabilities	2,111.3	1,866.9	2,075.8	2,198.9	1,927.2	1,675.8	1,855.2	2,015.7	2,348.7	2,566.2	2,825.2	2,722.0
1. Short-term trade accounts payable	526.3	558.5	562.8	451.0	466.3	421.7	495.4	543.7	497.0	535.7	713.5	533.7
2. Short-term advances from customers	425.3	361.2	385.7	255.9	259.5	322.1	245.1	221.7	159.0	147.1	273.2	260.1
3. Dividends and profits payable	4.7	2.0	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	4.7	3.6	7.8	10.7	4.6	7.9	8.5	12.4	8.6	8.7	20.8	23.8
4. Payable to employees	26.0	19.6	36.2	27.2	26.0	18.6	22.3	22.5	24.8	32.6	25.4	26.7
5. Short-term acrrued expenses	183.1	138.4	113.8	149.9	176.6	139.4	146.6	106.8	115.1	184.8	153.3	175.6
6. Short-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	0.5	1.8	0.6	0.1	0.1	0.2	0.2	0.2	0.0	0.3	0.1	0.2
9. Other short-term payables	54.5	57.1	55.2	48.8	51.9	52.8	76.2	93.3	77.7	78.7	104.5	108.0
10. Short-term borrowings and financial leases	871.8	710.4	900.0	1,241.2	927.7	698.0	844.4	999.7	1,450.3	1,561.9	1,517.0	1,576.6
11. Provision for short-term liabilities	0.8	0.6	0.6	—	—	—	0.0	0.3	0.7	1.1	1.2	0.9
12.. Bonus and welfare fund	13.8	13.6	13.2	14.2	14.6	15.2	16.6	15.0	15.5	15.2	16.3	16.5
13. Price stabilization fund	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	524.8	525.7	487.7	344.3	347.0	525.3	370.7	375.0	86.5	100.9	221.7	222.5
1. Long-term trade payables	8.9	8.9	8.9	13.0	13.0	13.0	13.0	13.0	13.0	13.0	13.0	13.0
2. Long-term advances from customers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	45.8	45.8	45.9	46.1	45.7	46.0	46.2	46.2	46.9	46.9	47.6	47.6
4. Inter-company payables on business capital	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	2.9	2.9	3.2	3.7	6.0	6.0	10.7	10.2	10.1	10.2	10.2	10.4
8. Long-term borrowings and financial leases	467.2	468.1	429.4	273.9	273.3	451.5	291.7	292.5	0.9	1.1	120.9	120.9
9. Convertible bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts) VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.3	7.5	9.0	8.8	9.0	13.2	15.6	29.7	30.1	30.7
13. Fund for technology development	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	931.1	914.3	911.9	897.4	891.5	876.7	882.7	888.8	878.3	939.9	900.5	903.5
I. Owner's equity	931.1	914.3	911.9	897.4	891.5	876.7	882.7	888.8	878.3	939.9	900.5	903.5
1. Owner's capital	714.1	714.1	714.1	714.1	714.1	714.1	714.1	714.1	714.1	673.6	673.6	673.6
- Common stock with voting right VND per share	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	714,056,890,000.00	673,643,390,000.00	673,643,390,000.00	673,643,390,000.00
- Preferred stock VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares VND per share	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00	-30,845,085.00
6. Assets revaluation differences	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	6.6	12.8	12.8	12.8
9. Fund to support corporate restructuring	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	188.0	172.9	169.8	156.2	150.9	136.8	142.7	147.7	137.6	230.7	190.6	193.0
- Accumulated retained earning at the end of the previous period	166.5	169.0	145.0	145.0	144.9	141.7	139.3	142.9	142.9	181.8	188.0	181.8
- Undistributed earnings in this period	21.6	3.9	24.8	11.2	6.0	-4.9	3.3	4.8	-5.3	48.9	2.6	11.3
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	22.5	20.7	21.4	20.5	19.9	19.2	19.4	20.5	20.1	22.8	23.4	24.1
14. Financial reserves	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	3,567.3	3,306.9	3,475.4	3,440.5	3,165.7	3,077.8	3,108.5	3,279.5	3,313.5	3,607.1	3,947.3	3,848.1

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Profit Before Tax	20.4	5.0	17.7	8.1	14.2	-6.9	1.9	12.2	-1.9	52.7	-9.3	27.6
Depreciation of Fixed Assets and Investment Property	9.1	9.2	9.4	11.2	12.0	8.6	8.1	14.8	11.3	14.2	12.5	15.7
Provision (Increase)/Reversal	-13.4	0.0	111.1	9.8	-11.7	-2.9	-1.1	7.8	-0.6	6.2	6.4	13.2
FX Gain/Loss from Revaluation of Monetary Items	-0.1	—	0.2	0.0	-0.3	—	0.0	-0.1	0.0	-1.4	1.4	0.0
Gain/Loss from Investment Activities	-17.0	-4.4	-39.3	-5.8	4.5	-5.3	-3.2	-10.9	-0.2	14.6	-0.3	-74.2
Interest Expense	19.4	18.2	14.0	17.6	12.6	14.4	15.3	21.7	23.6	28.0	27.8	29.8
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.2
Operating Profit Before Changes in Working Capital	18.5	27.9	113.0	40.9	31.2	8.0	21.0	45.5	32.1	114.3	38.4	12.3
Increase/(Decrease) in Receivables	1.4	-130.1	121.8	-35.9	5.0	38.5	-11.7	21.3	189.6	576.2	168.8	19.9
Increase/(Decrease) in Inventory	-52.4	-2.2	-64.4	-8.4	127.0	-45.7	-11.9	173.7	37.3	-94.5	-193.3	-20.6
Increase/(Decrease) in Payables (Excl. Interest and CIT)	125.3	105.6	188.3	34.5	-160.7	-30.4	-8.4	95.2	-184.0	-321.6	-6.6	-146.3
Increase/(Decrease) in Prepaid Expenses	-7.2	6.4	2.6	-0.0	-8.3	3.7	8.8	-8.5	-1.3	1.8	4.2	0.4
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-13.1	-24.9	-29.8	-52.8	-20.0	-6.0	-6.9	-21.6	-23.9	-32.1	-28.4	-27.0
Corporate Income Tax Paid	-0.5	-4.0	-0.5	-0.5	-3.5	-0.7	-5.3	0.1	-1.3	-1.0	-0.6	-4.0
Other Operating Receipts	—	0.0	—	—	—	—	0.0	-0.0	0.0	-41.3	41.3	-0.0
Other Operating Payments	-0.9	-0.7	-0.9	-1.0	0.1	-1.4	-0.4	-1.0	-0.9	0.1	0.1	0.0
Net Cash Flow from Operating Activities	71.0	-22.0	330.2	-23.3	-29.1	-34.1	-14.7	304.8	47.7	201.9	23.9	-165.2
Payments for Fixed Assets and Other Long-term Assets	-44.3	-4.1	-25.1	-5.1	-6.2	-9.4	-1.5	-1.0	-2.2	-2.5	-2.3	-1.8
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.1	—	6.4	0.9	0.2	0.1	2.3	0.3	0.0	-114.4	0.4	119.9
Loans and Purchases of Debt Instruments	-67.9	-37.0	-50.0	-7.0	-4.5	—	-8.6	0.0	0.0	-4.1	-8.0	7.0
Receipts from Loan Repayments and Sale of Debt Instruments	2.8	7.3	0.0	3.0	0.5	—	4.9	6.9	2.2	25.8	10.0	-4.0
Investments in Other Entities	-0.1	—	—	—	—	—	0.0	0.0	0.0	0.3	-0.3	0.0
Proceeds from Investments in Other Entities	20.9	49.5	74.0	—	—	—	0.0	0.0	0.0	0.0	0.0	42.7
Dividends and Interest Income Received	-3.7	4.4	-4.2	5.4	0.1	0.2	0.2	23.7	0.1	38.1	0.3	-10.3
Increase/(Decrease) in Term Deposits	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-92.2	20.0	1.1	-227.8	-9.8	-9.2	-2.7	29.8	0.1	-56.8	0.1	153.5
Proceeds from Equity Issuance and Capital Contributions VND per share	278,000,000.00	—	—	—	—	—	0.00	0.00	0.00	-300,000,000.00	300,000,000.00	0.00
Share Repurchases VND per share	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	540.0	580.7	409.0	628.3	324.3	326.8	196.7	604.2	310.0	290.6	234.1	389.3
Repayment of Borrowings	-379.5	-731.6	-544.8	-314.2	-272.8	-277.7	-346.0	-770.1	-421.8	-376.8	-282.3	-444.8
Repayment of Finance Leases	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-0.9	—	-9.4	-7.1	-4.1	-19.4	-1.3	-1.9	-48.7	-3.1	-0.4	-4.4
Other Financing Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	159.9	-150.8	-145.2	307.1	47.4	29.7	-150.6	-167.8	-160.5	-89.7	-48.3	-59.9
Net Cash Flow During the Period	138.7	-152.8	186.0	56.0	8.5	-13.5	-168.1	166.8	-112.7	55.3	-24.3	-71.5
Cash and Cash Equivalents at Beginning of Period	160.5	313.3	127.3	71.3	62.8	76.3	169.1	169.1	169.1	82.4	82.4	82.4
FX Difference from Revaluation	-0.0	—	0.0	0.0	0.0	—	0.0	0.0	0.0	0.0	0.0	-0.0
Cash and Cash Equivalents at End of Period	299.2	160.5	313.3	127.3	71.3	62.8	55.1	223.2	56.4	169.1	113.8	138.0

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Where does this stock stand
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Is the portfolio
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What other opportunities
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